Thank you very much, Mr. Carnevale.
Before we begin with questions and comments from members, I'll just remind the witnesses that we use both official languages in this committee, so some of the questions will be in English and some will be in French.
We'll have about an hour of questions and comments on the part of members. I'd ask that members direct their questions to a particular witness, or a particular group of witnesses, when they ask those questions.
We'll begin with Mr. Valeriote.